General Government Budget in statistical mirror

Ulaanbaatar /MONTSAME/ In January 2014, total equilibrated revenue and grants of the General Government Budget (GGB) amounted to 348.4 bln.tog. Total expenditure and net lending amounted to 413.1 bln.tog, representing deficit of 64.7 bln.tog in the equilibrated balance of GGB. Compared to same period of 2013, tax revenue increased by 0.6 bln.tog or 0.2 percent mainly due to the decreases of 14.4 bln.tog or 42.6 percent in other taxes revenue and of 14.0 bln.tog or 20.9 percent in income tax revenue, although there was increases of 14.1 bln.tog or 11.8 percent in taxes on domestic goods and services, of 9.7 bln.tog or 18.6 percent in social security contributions, and of 3.4 bln.tog or 15.7 percent in taxes on foreign trade. In January of 2014, total expenditure and net lending of the GGB increased by 145.9 bln.tog or 54.6 percent to 413.1 bln.tog against the same period of 2013. This happened due to increases of 65.5 bln.tog in capital expenditure and of 59.8 bln.tog or 50.3 percent in subsidies and transfers. However, there was a decrease of 15.5 bln.tog in lending minus repayments.